<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. ____)
Dril-Quip, Inc.
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(Name of Issuer)
Common Stock
- --------------------------------------------------------------------------------
(Title of Class of Securities)
262037 10 4
-------------------------------
(CUSIP Number)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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CUSIP NO. 262037 10 4 13G PAGE 2 OF 9 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Gary D. Smith
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States of America
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SOLE VOTING POWER
5
NUMBER OF 555
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
3,448,045
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 555
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
3,448,045
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
3,448,600
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[X]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
20.0%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
IN
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CUSIP NO. 262037 10 4 13G PAGE 3 OF 9 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Gloria Jean Smith
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
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SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States of America
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SOLE VOTING POWER
5
NUMBER OF None
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
3,448,045
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING None
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
3,448,045
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
3,448,045
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[X]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
20.0%
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TYPE OF REPORTING PERSON*
12
IN
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CUSIP NO. 262037 10 4 13G PAGE 4 OF 9 PAGES
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- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Four Smith's Company, Ltd.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
Texas
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SOLE VOTING POWER
5
NUMBER OF 3,448,045
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
None
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 3,448,045
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
None
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
3,448,045
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[X]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
20.0%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
PN
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ITEM 1.
Item 1(a) Name of Issuer: Dril-Quip, Inc.
--------------
Item 1(b) Address of Issuer's 13550 Hempstead Highway
-------------------
Principal Executive Offices: Houston, Texas 77040
---------------------------
ITEM 2.
Item 2(a) Name of Person(s) Filing: Gary D. Smith, Gloria Jean
------------------------ Smith and Four Smith's
Company, Ltd.
Item 2(b) Address of Principal 13550 Hempstead Highway
--------------------
Business Office: Houston, Texas 77040
---------------
Item 2(c) Citizenship: U.S. (Four Smith's Company,
----------- Ltd. is a limited partnership
organized under the laws of the
State of Texas)
Item 2(d) Title of Class of Securities: Common Stock
----------------------------
Item 2(e) CUSIP Number: 262037 10 4
------------
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 13D-
2(B), CHECK WHETHER THE PERSON FILING IS A:
(a) [_] Broker or dealer registered under section 15 of the
Act
(b) [_] Bank as defined in section 3(a)(6) of the Act
(c) [_] Insurance Company as defined in section 3(a)(19) of
the Act
(d) [_] Investment Company registered under section 8 of
the Investment Company Act
(e) [_] Investment Adviser registered under section 203 of
the Investment Advisers Act of 1940
(f) [_] Employee Benefit Plan, Pension Fund which is
subject to the provisions of the Employee
Retirement Income Security Act of 1974 or Endowment
Fund; see (S)240.13d-1(b)(1)(ii)(F)
(g) [_] Parent Holding Company, in accordance with
(S)240.13d-1(b)(ii)(G) (Note: See Item 7)
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(h) [_] Group, in accordance with (S)240.13d-1(b)(1)
(ii)(H)
ITEM 4. OWNERSHIP
(a) Amount Beneficially Owned by Gary D. Smith: 3,448,600/(1)/
(b) Percent of Class Beneficially Owned by
Gary D. Smith: 20.0%/(1)/
(c) Number of shares as to which Gary D. Smith has:
(i) Sole power to vote or to direct the vote: None
(ii) Shared power to vote or to direct the
vote: 3,448,045/(1)(2)/
(iii) Sole power to dispose or to direct the disposition
of: 555
(iv) Shared power to dispose or to direct the
disposition: 3,448,045/(2)/
(d) Amount Beneficially Owned by Gloria Jean Smith:
3,448,045/(1)/
(e) Percent of Class Beneficially Owned by Gloria
Jean Smith: 20.0%/(1)/
(f) Number of shares as to which Gloria Jean Smith
has:
(i) Sole power to vote or to direct the vote: None
(ii) Shared power to vote or to direct the vote:
3,448,045/(1)(2)/
(iii) Sole power to dispose or to direct the disposition
of: None
(iv) Shared power to dispose or to direct the
disposition: 3,448,045/(2)/
(g) Amount Beneficially Owned by Four Smith's Company,
Ltd.: 3,448,045/(1)/
(h) Percent of Class Beneficially Owned by Four
Smith's Company, Ltd.: 20.0%/(1)/
(i) Number of shares as to which Four Smith's
Company, Ltd. has:
(i) Sole power to vote or to direct the vote:
3,448,045/(1)/
(ii) Shared power to vote or to direct the vote: None
(iii) Sole power to dispose or to direct the
disposition of: 3,448,045
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(iv) Shared power to dispose or to direct the
disposition: None
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
Not Applicable
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
Not Applicable
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
COMPANY
Not Applicable
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Not Applicable
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not Applicable
ITEM 10. CERTIFICATION
Not Applicable
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Explanation of Responses:
(1) Does not include 6,897,100 shares of Common Stock, with respect to
Mr. Smith, or 6,897,655 shares of Common Stock, with respect to each of Mrs.
Smith and Four Smith's Company, Ltd., owned by certain stockholders of Dril-
Quip, Inc. (the "Issuer") who are parties to the Stockholders' Agreement dated
October 17, 1997 (the "Stockholders' Agreement"). Pursuant to the Stockholders'
Agreement, certain stockholders of the Issuer have agreed to vote shares of
common stock, par value $.01 per share, of the Issuer held by each of them for
the election of nominees to the Board of Director proposed by each of (i) Larry
E. Reimert and Reimert Family Partners, Ltd., (ii) Gary D. Smith and Four
Smith's Company, Ltd. and (iii) J. Mike Walker. The parties to the
Stockholders' Agreement may be deemed to have formed a group pursuant to Rule
13d-5(b)(1) promulgated under the Securities Exchange Act of 1934, as amended
(the "Exchange Act"). Nothing herein shall constitute an affirmance that any
such group exists; however, any such group could be deemed to have beneficial
ownership, for purposes of Section 13(d) and 13(g) of the Exchange Act, of all
equity securities of the Issuer beneficially owned by such parties. Such
parties would, as of January 31, 1998, be deemed to beneficially own an
aggregate of 10,345,700 shares of Common Stock, or approximately 60.0% of the
total number of shares reported to be outstanding in the Issuer's Form 10-Q for
the quarter ended September 30, 1997. Each of Mr. Smith, Mrs. Smith and Four
Smith's Company, Ltd. disclaims the beneficial ownership of any Common Stock
owned by such other parties.
(2) Includes 3,448,045 shares of Common Stock owned directly by Four
Smith's Company, Ltd., as to which each of Mr. Smith and Mrs. Smith, as its
managing general partners, exercise shared voting and dispositive power.
Because each of Mr. Smith and Mrs. Smith exercise shared voting and dispositive
power with respect to these shares, they may be deemed to be indirect beneficial
owners of these shares for purposes of Rule 13d-3.
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: February 12, 1998
/s/ GARY D. SMITH
_______________________________
Gary D. Smith
/s/ GLORIA JEAN SMITH
_______________________________
Gloria Jean Smith
FOUR SMITH'S COMPANY, LTD.
/s/ GARY D. SMITH
By:____________________________
Gary D. Smith,
its Managing General Partner
FOUR SMITH'S COMPANY, LTD.
/s/ GLORIA JEAN SMITH
By:____________________________
Gloria Jean Smith,
its Managing General Partner
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<PAGE>
AGREEMENT
The undersigned hereby agree in writing pursuant to the provisions of Rule
13d-1(f)(1)(iii) under the Securities Exchange Act of 1934, as amended, that the
Schedule 13G to which this Agreement is attached is filed on behalf of each of
the undersigned.
/s/ GARY D. SMITH
______________________________
Gary D. Smith
/s/ GLORIA JEAN SMITH
______________________________
Gloria Jean Smith
FOUR SMITH'S COMPANY, LTD.
/s/ GARY D. SMITH
By:___________________________
Gary D. Smith,
its Managing General Partner
FOUR SMITH'S COMPANY, LTD.
/s/ GLORIA JEAN SMITH
By:___________________________
Gloria Jean Smith,
its Managing General Partner
